The Federal Deposit Insurance Company (FDIC) is a division of the United States government that insures bank deposits up to $100,000 each. The FDIC was founded after the Great Depression, when many troubled U.S. banks failed under economic pressures … [Read more...]
Despite Fed Decision, Banks Are Moving Interest Rates
September 17, 2008 by
I find it interesting that even though the Federal Reserve opted not to lower interest rates this week, some banks are adjusting their interest rates anyway. HSBC Direct lowered its online savings rate from 3.50% to 3.25%, giving competitor FNBO an … [Read more...]
Q&A: Can I Avoid Falsifying My Income on a Credit Application When I’m Temporarily Unemployed?
September 15, 2008 by
Brittany writes: I am an ’07 grad with a great credit history. I have a $4,900 credit card balance on a 9.99% APR card. I am considering transferring the balance to a new credit card which offers 0% for 12 months and a low fixed regular APR. My … [Read more...]
Stocks Plunge on Lehman, Merrill Failures: What Does It Mean for You?
September 15, 2008 by
Lehman Brothers’ and Merrill Lynch’s employees and investors are having a bad, bad day. But if you’re not one of them, how do the failures of these Wall Street giants affect your wallet today? Hopefully, you won’t even notice it. … [Read more...]
Online Checking Accounts Compared: Smart Banks for Savvy Spenders
September 13, 2008 by
Online checking accounts are popping up like dandelions. Banks hope that promises to pay interest or waive fees on any balance will lure consumers away from brick and mortar checking accounts. Often, standard checking accounts at big banks are not … [Read more...]
Weekly Roundup for Sep 12, 2008
September 12, 2008 by
Is anybody else sick of hearing about lipstick? I, for one, want to hear about the issues again. Like sustainable tax relief for Americans earning less than $100 grand, the creation of good-paying jobs here in states, affordable health care for every … [Read more...]
Watch 134 YouTube Videos About People Saving Money
September 12, 2008 by
Wanna watch 134 YouTube videos about people saving money? The videos are responses to a contest sponsored FNBO Direct, a high yield savings account that will give away $5,000 to five finalists to be selected in October. … [Read more...]
Q&A: What kind of credit score do I need to get approved for a balance transfer credit card?
September 10, 2008 by
Pam asks: Three years ago I racked up debts on several credit cards. I paid those cards off and closed them. Today, my only card has a 19% APR and no rewards. My credit score is only about 600 because I was (quite) late a few times. Today, I am debt … [Read more...]
Make Healthy Fast Food Choices for Less than $5
September 10, 2008 by
When given the choice, cooking meals yourself will always be healthier and less expensive than eating fast food burgers. But oh, how tasty—and cheap—those burgers are. So if you must drive through for dinner, here are five fast tips for saving … [Read more...]
His Credit’s Good, Hers is Bad: Can You Get a Mortgage Anyway?
September 8, 2008 by
Ready to buy a home with the one you love? Got good credit? What about your sweetheart? If not, getting a mortgage may be difficult, not to mention a strain on your relationship. First, you must understand how mortgage lenders view joint mortgage … [Read more...]
